Question

The value of a car depreciates every year by 20% Find out its value after 2 years if it's present value is 350000/-​

Answer 1

Answer:

224000

Value after first year is

$350000 \times (1 - \frac{20}{100} ) = 3500000 \times .8$

$= 280000$

Value after second year is

$280000 \times .8 = 224000$

Answer 2

Answer:

it answer is 700000

Step-by-step explanation:

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